December 27, 2025
RA Jainee
Kotak Large & Midcap Fund
| Fund at a Glance | |
| NAV Growth | Rs 406.38 |
| NAV Bonus | — |
| NAV IDCW | Rs 71.71 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 1 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 29,961 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| 1 Year Return (%) | 6.86 |
| 3 Year Return (%) | 21.56 |
| 5 Year Return (%) | 20.45 |
| 10 Year Return (%) | 17.31 |
| Return Since Launch | 17.30% |
⚖️ Sahifund Review – Kotak Large & Midcap Fund
PLUS: Stability | Track record | Cost efficiency
Kotak Large & Midcap Fund has a long and consistent track record, delivering steady wealth creation across market cycles. The fund follows a balanced large–midcap allocation, offering stability from large caps and growth from mid caps. Low expense ratio enhances long-term compounding, making it SIP-friendly. Portfolio construction is well-diversified across sectors, reducing stock-specific risk. Managed by an experienced fund manager, the fund reflects a disciplined, valuation-conscious investment approach.
MINUS: Large AUM | Large-cap bias | Momentum lag
A sizeable AUM can limit agility during sharp market rotations. The fund carries a meaningful large-cap tilt, which may cap upside in strong midcap bull phases. Performance can lag momentum-driven peers during fast rallies. Not suitable for investors seeking aggressive, short-term alpha.
Sahifund View (Decisive Line):
A dependable core holding for long-term SIP investors, ideal for steady compounding rather than chasing high-risk, high-return strategies.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains. We believe this flexibility is good for fund investors, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to invest in a mix of large and mid cap stocks across sectors based on performance and potential of companies within the sectors.
Fund Manager:
1) Harsha Upadhyaya
Education: Mr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.
Experience: Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Kotak Large & Midcap Fund
| Fund House | Kotak Mahindra Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 17.30% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 29,961 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| (As on 30-Nov-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 16.53% |
Trailing Returns (%) of Kotak Large & Midcap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Kotak Large & Midcap Dir | 6.67 | -0.22 | 0.70 | 2.90 | 5.05 | 6.86 | 21.56 | 20.45 | 19.26 | 17.31 |
| BSE Large Mid Cap TRI | 8.83 | -0.19 | 0.80 | 3.48 | 4.35 | 8.62 | 16.71 | 17.19 | 15.64 | 14.66 |
| Equity: Large & MidCap | 3.61 | -0.27 | 0.50 | 2.47 | 2.81 | 3.55 | 20.23 | 20.12 | 18.10 | 16.05 |
| Rank within category | 22 | 23 | 28 | 27 | 10 | 21 | 12 | 13 | 5 | 4 |
| Number of funds in category | 54 | 64 | 64 | 64 | 60 | 54 | 36 | 26 | 21 | 18 |
Peer Comparison of Kotak Large & Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Kotak Large & Midcap Dir | 3 star | 6.86 | 21.56 | 20.45 | 0.55 | 29,961 | 17.30 | 1.00 (365) | 12Y 11M | 16.53 |
| SBI Large & Midcap Dir | 4 star | 10.60 | 19.80 | 20.98 | 0.73 | 37,045 | 17.26 | 0.10 (30) | 12Y 11M | 26.00 |
| HDFC Large and Mid Cap Dir | 4 star | 6.98 | 22.59 | 23.21 | 0.84 | 28,892 | 14.02 | 1.00 (365) | 12Y 11M | 3.47 |
| ICICI Pru Large & Mid Cap Dir | 5 star | 13.98 | 23.04 | 24.30 | 0.77 | 26,939 | 16.87 | 1.00 (30) | 12Y 11M | 56.00 |
| Motilal Oswal Large and Midcap Dir | 5 star | -2.49 | 27.94 | 25.03 | 0.69 | 15,146 | 23.46 | 1.00 (365) | 6Y 2M | 36.00 |
Portfolio Analysis of Kotak Large & Midcap Fund
| No. of Stocks | 65 |
| Top 10 Stocks | 34.50% |
| Top 5 Stocks | 21.24% |
| Top 3 Sectors | 58.32% |
| Portfolio P/B Ratio | 3.66 |
| Portfolio P/E Ratio | 24.67 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,86,718 | 1,88,108 |
| Giant (%) | 48.56 | 48.68 |
| Large (%) | 19.99 | 29.22 |
| Mid (%) | 30.02 | 20.54 |
| Small (%) | 1.43 | 4.38 |
| Tiny (%) | — | 0.08 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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